The Pakistan Stock Exchange (PSX) has achieved a remarkable feat by surpassing the 60,000-point mark for the first time in history.
On Tuesday, the PSX continued its bullish trend, setting a new record with a significant gain of 611 points, reaching 60,423 points at 10:00 in the morning.
This historic achievement comes after the market’s recovery to the 53,000-point mark in early November, a peak not seen in six years. Analysts link this performance to several key factors, including the International Monetary Fund (IMF) deal, the government’s commitment to fiscal discipline, and stringent measures against smuggling and dollar manipulation.
The PSX’s weekly report highlighted the KSE-100 benchmark closing at 49,493 points, marking the highest level in the past six years. The highest and lowest levels of the KSE-100 index during the week were recorded at 49,520 and 47,217 points, respectively. Over the week, 1.87 billion stocks were traded, with the PSX’s business value at Rs 55.55 billion.
 has reached an unprecedented milestone by crossing the 60,000-point barrier, marking a significant achievement in its history. This surge is attributed to factors like the IMF deal, government fiscal discipline, and anti-smuggling measures, signaling a robust economic outlook.){kind=link}